Forex Trend Analysis Report
Prepared for you on Thursday, January 17, 2019.
Colombian Peso/Brazilian Real (FOREX:COPBRL)
Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend Very tight money management stops.
The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.
MarketClub’s Trade Triangles for COPBRL
The long term trend has been DOWN since Oct 3rd, 2018 at 0.001270
The intermediate term trend has been DOWN since Jan 2nd, 2019 at 0.001175
The short term trend has been UP since Jan 16th, 2019 at 0.001188
Smart Scan Analysis for COPBRL
Based on a pre-defined weighted trend formula for chart analysis, COPBRL scored -65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).